@nariko Same in our case, but we can weather it no problem. We got it good during the pandemic when our mortgage payment dropped like a rock so low for few months that we had to call the bank to check if it was an error. Either way, it will come to a point where we might hit a recession and rates gonna drop fast, or inflation gonna taper and % rates gonna lower slowly. Either way could you afford a 5 year of 4.84%
@nariko You should have asked for blended payments. That would keep your payments the same in the event that rates increased,but less would be applied to principal. If your payments have increased it means you’re paying principal plus interest each month.
Personally I would stick with the variable at this point.
